Office of Financial Aid

University of Mississippi

Sample Loan Repayment Disclosure Information

Principal  Interest Rate Standard Repayment Term Interest End Balance
Direct Subsidized Loan (Undergraduate) $5500 4.5% 120 months ($57/month) $1,340.17 $6,840.17
Direct Unsubsidized Loan (Undergraduate) $5500 6.8% 120 months ($63.29/month) $2,095.52 $7,595.52
Direct PLUS $10,000 7.9% 120 months ($120.80/month) $4,495.97 $14,495.97
Direct Subsidized Loan (Graduate/Professional) $8500 6.8% 120 months ($97.82/month) $3,238.11 $11,738.11
Direct Unsubsidized Loan (Graduate Professional) $12,000 6.8% 120 months ($138.10/month) $4,571.38 $16,571.38
Direct Grad PLUS Loan $10,000 7.9% 120 months ($120.80/month) $4,495.97 $14,495.97
Health Profession Student Loan $2000

$8000

5.0%

5.0%

57 months ($40/month)

120 months ($84.85/month)

$247.38

$2,182.38

$2,247.38

 

 

$10,182.38

Perkins Loan $2000

 

 

$8000

5.0%

 

 

5.0%

57 months

($40/month)
120 months ($84.45/month)

$247.38

 

 

$2,182.38

$2,247.38

 

 

$10,182.38

JR Johnson Loan $2000

 

 

$8000

4.0%

 

 

4.0%

55 months ($40/month)

120 months ($81/month)

$429.86
$1,719.43
$2,429.86
$9,719.43
McKinstry Loan $2000

 

 

$8000

5.0%

 

 

5.0%

57 months ($40/month)

120 months ($84.45/month)

$247.38
$2,182.38
2,247.38
$10,182.38
Scribner Loan $2000

 

 

$8000

1.0%

 

 

1.0%

52 months ($40/month)

120 months ($70.08/month)

$102.50
$410.02
$2,102.50
$8,410.02
LuckyDay (if converted to loan) $2000

 

 

$8000

1.0%

 

 

1.0%

52 months ($40/month)

120 months ($70.08/month)

$102.50
$410.02
$2,102.50
$8,410.02
Noyce Loan $2000

 

 

$8000

3.0%

 

 

3.0%

21 months ($100/month)

90 months ($100.00/month)

$54.35
$936.51
$2,054.35
$8,936.51